Location: Texarkana, AR | Metro: Texarkana, TX-Texarkana, AR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
The Section 8 housing market in ZIP code 71840, located within the Texarkana, AR HUD Metro FMR Area, presents unique opportunities and challenges for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for this area is $960 for fiscal year 2024. However, the lack of available market rent data makes it difficult to directly compare this figure with local rental rates.
Based on the HUD FMR of $960, voucher tenants will typically cashflow at this rate. This means that landlords can expect a steady income stream from tenants using Section 8 vouchers, without the need for premium units to cover expenses. The absence of median home value data precludes a precise calculation of the rent-to-price ratio, but it's generally understood that this ratio is a critical metric for understanding the economic dynamics between renting and buying in a given market.
While the median days on market (DOM) and the percentage of homes that experience price cuts are not available, these factors would influence the rent-versus-buy decision-making process. In markets where DOM is high and price-cut percentages are significant, rental properties tend to be more attractive investments due to the slower pace of home sales and reduced buyer demand.
The strongest investor angle in ZIP code 71840 is likely to be cashflow. Given the reliable income provided by the HUD FMR rate, landlords can secure consistent monthly payments, which is particularly advantageous in an area where detailed market rent data is unavailable. This predictability allows investors to plan their finances effectively and manage their properties with confidence.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.